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Genpact Closes Axis Acquisition
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Ameet Parikh, Axis Risk Consulting managing director and founding partner, will continue as managing director of Axis.
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Monday, December 17, 2007:
Genpact has closed the acquisition of Axis Risk Consulting Services Pvt Ltd, the India-based risk consulting firm. Axis provides a wide range of risk assurance services, including internal audit and business performance improvement. Axis will now operate as an independent unit of Genpact within its governance practice. The Axis acquisition strengthens Genpact's financial, planning and analysis offerings.
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"The integrated risk and technology solutions we'll be offering our US and European clients as a result of this acquisition will remove a lot of the time, pain and costs associated with governance and risk management," said Pramod Bhasin, president and CEO, Genpact.
Commenting on the acquisition, Anil Nayar, senior vice president, Genpact, stated, "We see tremendous value in supporting the India-based clients of Axis as they grow domestically and internationally, and also look forward to providing our global clients the same level of high-quality internal audit services that Axis is known for."
According to Ameet Parikh, managing director, Axis, "We find great synergy between the companies in terms of Genpact's access to global customers and our deep domain knowledge and experience in providing best-in-class risk consulting services. We will now have the opportunity to offer our internal controls outsourcing solution in the global market."
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